Powerball lottery jackpot raised to $230 million

Mar 10, 2008, 9:27 am (12 comments)

Powerball

The jackpot in "America's Game" continues to grow, as do the lines at the lottery ticket counters.

Because no one correctly matched all six numbers in Saturday's Powerball drawing the jackpot grew to an estimated $230 million, with a cash option of $113.6 Million.

Even though the grand prize was not awarded Saturday evening, 3 lucky tickets in New Mexico (1) and South Carolina (2) matched all 5 white numbers with the Power Play and won $400,000 cash each.

Thirteen other winners matched all 5 white numbers for $200,000. These lucky tickets were purchased in Arizona (1), Colorado (1), DC (1), Iowa (1), Indiana (1), Louisiana (1), Missouri (1), North Carolina (1), New Hampshire (1), Oregon (1) and Pennsylvania (3). In addition, 1,265,395 tickets across the nation won a total of $11,141,042 in prizes.

The numbers drawn Saturday night were 17, 29, 31, 34, 49 and the Powerball was 16. The Power Play multiplier was 2.

Other prizes won Saturday evening included seventy-one tickets that matched 4 white numbers plus the Powerball and won $10,000. Six additional tickets that won at this prize level also purchased the Power Play and had the $10,000 winnings multiplied by 2 to $20,000.

Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels.

Players purchased $54,090,175 in Powerball and Power Play tickets between Thursday and Saturday night. The lotteries sold more than $2.5 billion in Powerball tickets in FY07. That translates into more than $725 million for worthwhile state projects.

Powerball is now played in 29 states, the District of Columbia, and the U.S. Virgin Islands.

Lottery Post Staff

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whitmansm2's avatarwhitmansm2

$230 million sounds like a lot of money...and it is, but I just wished you actually got that money!  After all is said and done I'd get $79 million.  Don't get me wrong I am going to be so happy with that money, it's just a BIG difference from what they are advertising.  (and I understand its the cash value but even then it's a 34 million dollar difference!)

 

But it's cool....I'll be ok with it.  :)

 

hehehe

rubberbandman's avatarrubberbandman

Who plays power play, thats just saying that you will accept anything that comes your way even if its small in size, you should only play for the jacpot, that way you keep the thrill and the excitement. 

 

I'm still waiting for record numbers lol, I'm probably goin to be the sole winner since nobody has won yet, so I don't know what I'm goin to do.

ThatScaryChick's avatarThatScaryChick

I know I'll be buying a few tickets for Wednesdays drawing. I'd love to win any amount.

colo2004

Quote: Originally posted by whitmansm2 on Mar 10, 2008

$230 million sounds like a lot of money...and it is, but I just wished you actually got that money!  After all is said and done I'd get $79 million.  Don't get me wrong I am going to be so happy with that money, it's just a BIG difference from what they are advertising.  (and I understand its the cash value but even then it's a 34 million dollar difference!)

 

But it's cool....I'll be ok with it.  :)

 

hehehe

My friends in England play the UK Nat Lottery and the Euro Millions games. Both Cash advertised games, and to make it even worse... TAX-FREE winnings.  And let's not even talk about the exchange rate.

 

But like you Whitman, I'll be OK with winning too, big time.  

Destined

Quote: Originally posted by whitmansm2 on Mar 10, 2008

$230 million sounds like a lot of money...and it is, but I just wished you actually got that money!  After all is said and done I'd get $79 million.  Don't get me wrong I am going to be so happy with that money, it's just a BIG difference from what they are advertising.  (and I understand its the cash value but even then it's a 34 million dollar difference!)

 

But it's cool....I'll be ok with it.  :)

 

hehehe

My math is giving me $69,300,000 after taxes in the state of PA.  I'm obviously against a federal and state tax when it comes to lottery prizes.  It's like getting taxed twice imo.  And don't think about dying early either or your estate will be taxed again lol.  The governments the only real winner here and we are just the suckers.  OH yeah, and if you do win and want to help people out...well you guessed it, you'll have to pay taxes on that too!  The max you can give someone tax-free is only $12,000 a year lol.  Want to buy a home for your parents, you gotta pay taxes.  Want to buy a car for your needy friend, you gotta pay taxes.  Want to buy a nice home for yourself, get prepared to alot of property taxes.  Need someone to manage your money, a good financial advisor will run you $100k/year at a minimum.  This kind of money can be a blessing, but a nightmare for most people.  Mo money=mo problems. 

MissNYC's avatarMissNYC

Quote: Originally posted by Destined on Mar 10, 2008

My math is giving me $69,300,000 after taxes in the state of PA.  I'm obviously against a federal and state tax when it comes to lottery prizes.  It's like getting taxed twice imo.  And don't think about dying early either or your estate will be taxed again lol.  The governments the only real winner here and we are just the suckers.  OH yeah, and if you do win and want to help people out...well you guessed it, you'll have to pay taxes on that too!  The max you can give someone tax-free is only $12,000 a year lol.  Want to buy a home for your parents, you gotta pay taxes.  Want to buy a car for your needy friend, you gotta pay taxes.  Want to buy a nice home for yourself, get prepared to alot of property taxes.  Need someone to manage your money, a good financial advisor will run you $100k/year at a minimum.  This kind of money can be a blessing, but a nightmare for most people.  Mo money=mo problems. 

I know all of that is bad! The government really seems to be against family and friendship. I mean, we're supposed to be free....right? And yet we cannot do as we please with our own money, we have to pay taxes on property "we" own, then the gov. wonders why people cheat on their taxes. It's all a bunch of crap. In terms of giving people money, would a possible loop hole be, for lets say giving 1 million dollars to my mom, what if I opened a bank account under my name, but gave her the ability to write checks, make withdrawls, etc....like a joint account, and just threw my ATM card out.  Would that still be considered a gift if it was technically still under my name?

rubberbandman's avatarrubberbandman

If you play your cards right, you can keep all of your money.

gocart1's avatargocart1

Quote: Originally posted by MissNYC on Mar 10, 2008

I know all of that is bad! The government really seems to be against family and friendship. I mean, we're supposed to be free....right? And yet we cannot do as we please with our own money, we have to pay taxes on property "we" own, then the gov. wonders why people cheat on their taxes. It's all a bunch of crap. In terms of giving people money, would a possible loop hole be, for lets say giving 1 million dollars to my mom, what if I opened a bank account under my name, but gave her the ability to write checks, make withdrawls, etc....like a joint account, and just threw my ATM card out.  Would that still be considered a gift if it was technically still under my name?

HELLO NEIGHBOR, ALL OF US GET TAXED atlast twice..your taxed when you get payed  and then taxed as you send your money..if you have verizon land line phone your taxes four different times on your verizon bill...middle class always has the tax of USA on there backs...the war in iraq is costing 12 billion dollars a month..and we get to pay the bill on it..and what did we get for sending our young man and women over there......higher gas prices and oil to heat your house ...US Flag

Guru101's avatarGuru101

I hope I win.

starchild_45's avatarstarchild_45

KEEP GROWING!!

ThatScaryChick's avatarThatScaryChick

I won't mind if it stops growing...for me. Big Grin

spy153's avatarspy153

I know it was the first time I have seen people lined up to get tickets where I live in a long time.  I dread getting the tickets for tonight's game.  The lines are going to be astronomical.

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